Transamerica LiveStrong Survivor Plan
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Group cancer-only and group critical illness insurance work together as a...
Group cancer-only and group critical illness insurance work together as a
supplemental or limited plan that pays indemnity benefits in addition to any other coverage the
insured may have. According to Cancer Facts & Figures 2007, published by the American
Cancer Society, major medical insurance covers about 36 percent of the costs related
to a cancer diagnosis, like hospital fees and medication. Out-of-pocket costs average
63 percent and include deductibles, co-insurance, lodging and transportation as well
as lost wages.1 Even if a company’s major medical plan covers some of these costs,
TRANSAMERICA LIVESTRONG SurvivorPlan insurance pays benefits that covered
employees can use as they see fit.
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